Agricultural Bank of China profit up 5% in 2019

BEIJING - The Agricultural Bank of China, one of China's biggest commercial lenders, reported steady profit growth in 2019.

The company raked in 212.92 billion yuan ($30.22 billion) in net profits last year, up 5.08 percent year-on-year, according to the company's annual report filed with the Shanghai Stock Exchange Monday.

Revenue totaled 627.27 billion yuan, up 4.8 percent year-on-year, it said.

At the end of 2019, the lender's total assets stood at 24.88 trillion yuan, up 10 percent from a year ago.

The bank's non-performing loan ratio stood at 1.4 percent at the end of 2019, down 0.19 percentage points from the end of 2018.